LAGOS – Former Vice President Atiku Abubakar has proffered solutions to some of the economic challenges facing the country as a result of the policies of President Bola Tinubu led government. The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections who among many suggestions urged the president to lead by example. According to Atiku, who had in a release he titled: “What We Would Have Done Differently” charged the president to borrow from one or two things from their ideas in the interest of the people, to save Nigerians from the excruciating pains arising from his trial-and-error economic policies.
He said, “We would have sequenced my reforms to achieve fiscal and monetary congruence. Unleashing reforms to determine an appropriate exchange rate, cost-reflective electricity tariff, and PMS price at one and the same time is certainly an overkill. Add CBN’s bullish money tightening spree.
As importer of PMS and other petroleum products, removing subsidy on these products without a stable exchange rate would be counterproductive. “We would have been more strategic in our response to reform fallout. We would not over-estimate the efficacy of the reform measures or underestimate the potential costs of reforms.
I would recognise that reforms could sometimes fail. I would not underestimate the numerous delivery challenges, including the weaknesses of our institutions, and would work assiduously to correct the same. I would, as a resp.